Two new owners for two new city teams of the Indian Premier League (IPL) cricket will emerge from a list of 14 probables on Sunday when IPL the BCCI announces the names of the successful bidders. Stiff competition between the buyers however could make their deal over-priced with some experts pegging the winning bid at around $400 million, as against the base price of $225 million. During the tender process held earlier this month, Videocon Industries and Adani Group are believed to have put in bids of around $250-275 million each. However, these bids were cancelled after the IPL governing council decided to call for a re-tender.
Saturday, March 20, 2010
New IPL teams hit the grounds today.
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